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4 paź 2024 · 1. Headline Inflation. The Philippines’ headline inflation or overall inflation slowed down further to 1.9 percent in September 2024. This is the lowest inflation rate since the 1.6 percent inflation rate recorded in May 2020. The inflation rate in August 2024 was recorded at 3.3 percent.
- Summary Inflation Report Consumer Price Index (2018=100): July 2023
In July 2022, inflation in the area was recorded at 6.8...
- Press Conference on The July 2023 Inflation
The Philippine Statistics Authority (PSA) announces the...
- Press Conference on The August 2023 Inflation
The Philippine Statistics Authority (PSA) announces the...
- CPI
Philippine Standard Time: Main navigation. GOVPH ; Home ;...
- GWPI
Figure 1. Annual Growth Rates of the GWPI by Area, All Items...
- Environment and Natural Resources Accounts
The Philippines’ Class A coal reserves were recorded at...
- Frequently Asked Questions
Consumer Price Index (CPI) and Inflation Rate ; CPI for...
- Environment Statistics
Philippine Standard Time: Main navigation. GOVPH ; Home ;...
- Summary Inflation Report Consumer Price Index (2018=100): July 2023
The BSP expects 2022 inflation to settle above target reaching an average of 4.6%, higher than the previous estimate of 3.7%. Similarly, the 2023 inflation is projected to be higher at 3.9% than the previous estimate of 3.3%. Several factors could push inflation higher in 2022 and 2023.
The latest BSP estimates show that inflation, which has been elevated in recent months, could peak in the third quarter of the year (July-September 2022) and remain above the target range of 2.0%-4.0% until the second quarter of next year (April-June 2023).
The baseline inflation forecasts were revised upwards from the previous round to 5.8 percent for 2022 and 4.3 percent for 2023. Meanwhile, the inflation forecast for 2024 was slightly lower at 3.1 percent.
The Philippines’ headline inflation accelerated to 6.9 percent in September 2022 from 4.2 percent in September 2021. This is within the BSP’s 6.6 to 7.4 percent forecast for the month1 and higher than the private sector’s median forecast of.
REPORT ON INFLATION (JULY 2022) 1. The headline inflation rate picked up to 6.3 percent in August 2022; seasonally adjusted m-o-m inflation decelerated to 0.4 percent. The Philippines’ headline inflation increased to 6.3 percent in August 2022 from 4.4 percent in August 2021.
Sentral ng Pilipinas’ (BSP) forecast range of 3.3 to 4.1 percent. The year-to-date (YTD) inflation rate of 3.4 percent also remains within the 2.0 to 4.0 target range for the year. Higher inflation rates for both food and non-food commodity groups resulted in faster inflation for March 2022.
